Bond Prices Mixed At Midday

Published 8:00 pm, Monday, May 12, 2003

Treasury bond prices were mixed at midday Tuesday.

The price of the Treasury's 10-year note was up 1/32 point, or $0.313 per $1,000 in face value, around midday Tuesday, while its yield fell to 3.64 percent from 3.65 percent late Monday. Prices and yields move in opposite directions.

The 30-year bonds were up 1/4 point and yielded 4.63 percent, down from 4.65 percent late Monday, according to Moneyline Telerate.

Two-year Treasury notes were down 1/32 point and yielded 1.46 percent, up from 1.43 percent late Monday.

Yields on one-month Treasury bills fell to 1.02 percent as the discount fell 0.04 percentage point to 1.00 percent. Yields on three-month Treasury bills rose to 1.09 percent as the discount held steady at 1.07 percent. Six-month yields were unchanged at 1.13 percent while the discount held steady at 1.10 percent.

Yields are the interest bonds pay by maturity, while the discount is the interest at which they are sold.